The Savings Game: Veterans now targeted for scams

9:44 PM,
Dec. 30, 2012

Written by

Elliot Raphaelson
Tribune Media Services

There are thousands of "free lunch" seminars that attract large audiences. In 2007, the Securities and Exchange Commission and the Financial Industry Regulatory Authority scrutinized 110 securities firms that presented free lunch seminars. Their report found that 100 percent of them were sales presentations, despite the fact that the majority were advertised as "educational."

The report also indicated that 50 percent of these meetings featured misleading advertising; 23 percent involved possibly unsuitable recommendations; and 13 percent appeared to be fraudulent. If you ...